While I’ve been directing most of my ire about the Sonics’ move to Oklahoma at David Stern and Clay Bennett, Aubrey McClendon (pictured) was the Chesapeake Energy (CHK) CEO/billionaire who was bankrolling the criminal collusion to steal the team from Seattle. So, what’s he been up to?

[A]s gas and oil prices rose this spring and summer, McClendon wasn’t happy with just making boatloads of cash on hyper-inflated gas prices. No, he doubled-down, and took out sizable loans from his broker and bought huge chunks of CHK stock in his own company as the share price roared from $37 to almost $70 this summer.

Then, when oil prices began to unravel and soon after, the stock market got all black-hole-ish, those banks who loaned him the money came knocking, wanting it back, because they were, uh, going out of business…

The stock reached an all-time high of $69.40 on July 2, the very same day the Sonics settled the lawsuit with the City of Seattle, essentially marking the end of the Seattle Supersonics franchise. [Seattlest]

McClendon’s net loss from selling all those shares he owed was a delicious $1.86 BILLION. And yet, somehow, I still don’t think that’s enough pain and embarrassment. Rich assholes always just lose shitloads of money, then gamble their remaining millions to get it all back. Once — just once — I want a guy and all his male heirs tortured to death on their yacht by Somali pirates. I think I’ve earned that much.

Chesapeake is the nation’s largest NATURAL GAS producer. 99% of our cars do not run on natural gas. Don’t bitch him out for that.

10.15.08 at 3:54 pm

World B. Free

Since I’m not a sooner fan, I can actually read, and to the best of my ability I did not find any comments blame him for high gas prices. I did, however, find comments that attack him for being the spineless, dickless thief that he is.

10.16.08 at 6:05 am

Erkmonster

wtf, i live in the city of Chesapeake and this guy doesn’t have shit to do with me. DERP!

10.17.08 at 1:29 pm

JakeZula

I’m a journalist from Oklahoma City, and I actually interviewed Aubrey McClendon for a story I did on a boathouse he funded here. There’s no doubt that the guy is a grade A toolbag.